Quick Summary
Three public accounts describe negative experiences with Equity Edge Research Analyst between 2025 and 2026. Instagram commenter ganapathi7463 called the firm a fraud company and named an individual called Gowtham. An unnamed reviewer described being blacklisted in a Discord community after attempting to share a complaint, with the support ticket then closed claiming the firm had waited six hours for a reply. A one-star Trustpilot review dated August 12 2026 titled “Avoid Equity edge” described the firm as “basically disguised scammers.” Monthly complaint data shows received complaints rose from 1 in 2024 to 9 in 2025, with 6 complaints pending unresolved into the 2026 reporting period. These reviews are public accounts from named or traceable users. No SEBI order confirming any specific allegation has been issued as of the date of this review.
An Instagram comment hidden by the platform itself. A reviewer blacklisted from a Discord community for sharing a complaint. A one-star review dated August 12 2026, warning investors to put their money elsewhere.
Three separate accounts, from three separate people, describing three separate problems. None of them know each other. All of them are public.
This page covers each account in full alongside the monthly complaint data that shows the official regulatory picture during the same period.
Why Read Reviews Alongside SEBI Complaint Data for Equity Edge Research Analyst?
Before reading the individual accounts, one context point changes how you read both the reviews and the official complaint data together.
Formal SEBI SCORES complaints and public reviews measure two completely different things. SCORES data captures investors who knew how to file formally and chose to do so. Reviews capture investors who shared their experience publicly, often because informal resolution failed or because they did not know the formal complaint path existed.
A firm can show rising formal complaints while simultaneously having negative reviews that never entered the SCORES system. The complete picture requires both.
The full registration details, six red flags, training pricing table, and no-refund policy analysis are on the Equity Edge Research Analyst review page on this site. This page covers what the public accounts say and what the monthly complaint data shows in detail.
What Did Real Users Say About Equity Edge Research Analyst?
These accounts are from named or identifiable users on public platforms. We are reporting what they wrote and what is visible in the screenshots supplied. We have not independently verified the specific transactions described. No SEBI order confirming these specific allegations exists as of the date of this review.
Account 1: Instagram Comment Hidden by the Platform
A commenter identified as @ganapathi7463 posted on the firm’s official Instagram account @equity_edge_stock. The comment read: “Fraud company, particularly gowtham fraud…..”
Instagram chose to hide this comment. When a platform hides a comment, it becomes visible only to the commenter and the account owner, not to other users. The fact that Instagram’s own algorithm marked this specific comment as potentially sensitive is notable in itself.
The comment names an individual called Gowtham. This name does not appear in SEBI’s official records for INH000017259, where the named contact person is Vishal Borse. We are reporting the comment as written. We are not confirming the identity or role of the individual named.
Account 2: Discord Blacklisting and Support Ticket Closure
An unnamed reviewer, whose name is not visible in the supplied screenshot, described a specific sequence of events after trying to raise a concern.
They attempted to share their complaint story in the firm’s Discord community. They were momentarily blacklisted, and their messages were erased.
The review text quoted directly states: “Even worse, I was momentarily blacklisted and my messages were erased when I tried to share my story in their Discord community. Even though I was not allowed to react, they later closed my support issue, saying they ‘waited 6 hours for a reply.'”
The core complaint before any of this happened was about inconsistent evaluation criteria. The reviewer asked how traders can trust an evaluation process from a company that cannot execute its own criteria consistently.
Two specific actions described by the reviewer deserve direct attention. Removing a client’s complaint message from a community channel and then closing the support ticket on the basis of the client’s non-response after those messages were erased is a grievance handling pattern that conflicts with SEBI’s requirement for fair and transparent complaint resolution.
Account 3: “Avoid Equity Edge”: One-Star Review, August 12 2026
A one-star review dated August 12 2026, marked as an unprompted review on a public platform, carries the title “Avoid Equity edge.” The full text reads: “Avoid Equity edge. Put your money elsewhere. They are basically disguised scammers.”
The review was marked as unprompted, meaning it was not triggered by a request from the firm. The date places it eight months after Equity Edge Research Analyst received nine formal SEBI complaints in 2025.
What Does the Complaint Trend for Equity Edge Research Analyst Reveal?
SEBI’s mandatory disclosure requires monthly updates by the 7th of every following month. The annual headline numbers are in the hub. The monthly detail tells a more precise story.
The information below is based on the firm’s own published complaint disclosure data as documented in the research document.
Annual trend:
| Year | Complaints Received | Complaints Resolved | Pending at Year End |
|---|---|---|---|
| 2024 | 1 | 1 | 0 |
| 2025 | 9 | 3 | 6 |
| 2026 (current) | Ongoing | Ongoing | 6 carried forward |
What the trend means for you as a prospective subscriber:
In 2024, one complaint was filed, and one was resolved. Zero pending. That is a clean baseline for a firm that registered in July 2024.
In 2025, nine complaints arrived. Three were resolved. Six remain pending. SEBI expects complaints to be resolved within 21 days. Six complaints sitting unresolved across a full reporting period is a resolution rate of 33 percent on a nine-complaint year.
A pending count that grows from zero to six while the firm is still new suggests a structural gap in how complaints are being handled, not just a volume issue.
The three reviews above describe specific interactions involving complaint suppression, support ticket closure without resolution, and no engagement after money was paid. These accounts and the official pending count are describing the same period from two different vantage points.
Does a Resolved Complaint Mean Equity Edge Research Analyst Fixed Your Problem?
This distinction matters specifically for anyone about to file or who has already filed.
When a complaint is marked resolved in SEBI’s data, it means the registered entity submitted a formal response and the grievance file was closed within the prescribed period. It does not confirm the investor was satisfied. It does not confirm money was refunded or whether the service gap was corrected or not.
Three complaints were marked resolved in 2025. The remaining six were not. Whether the three resolved complaints reflect genuine redressal or procedural file closures is not determinable from the disclosure data alone.
Also Read: Streetgains Reviews, another RA where independent user reviews and formal SEBI action tell overlapping but distinct stories on how complaints are actually resolved.
What Should You Do If Your Experience Matches These Reviews?
If you recognise your situation in any of the three accounts above, whether it involved inconsistent evaluation criteria, support channels that went silent after payment, or an expectation mismatch between what was promised and what was delivered, you have formal complaint grounds available.
The complete five-step complaint process covering how to write the internal complaint, file on SEBI SCORES under INH000017259, escalate to SMART ODR, and proceed to arbitration if needed is on the complaint against Equity Edge Research Analyst page on this site.
The first step is documenting everything now before any messages are deleted or accounts are closed. Screenshots of every communication, every payment receipt, and every promise made before you subscribed are the foundation of the formal case.
If the matter reaches SMART ODR, the full conciliation guide is available on the SMART ODR complaint portal page on this site.
Both stages have defined timelines, so tracking where your complaint stands at each point matters as much as filing it correctly.
For SEBI SCORES status tracking, the guide is on the SEBI SCORES complaint page on this site.
Support Went Silent After You Paid? We Can Help
If you were blacklisted from raising a concern, had a support ticket closed without resolution, or a complaint marked “resolved” without your money back, we help you document it, file the SCORES complaint, and track it through SMART ODR and arbitration. Register with us for a free consultation.
Conclusion
Three independent accounts from three different platforms describe three different problems during the same period. An Instagram comment hidden by the platform. A Discord community that removed a complaint message and then closed the support ticket. A one-star August 2026 review calling the firm disguised scammers.
Six formal SEBI complaints remain pending unresolved as of the 2026 reporting period, up from zero at the end of 2024.
Both data sources, the public accounts and the regulatory data, describe the same period.
Report, Recover, Stay FraudFree
Frequently Asked Questions
The three accounts cited come from Instagram, an unnamed reviewer whose screenshot was supplied in the research document, and a dated one-star review on a public review platform. The Instagram comment was visible on the official @equity_edge_stock account before Instagram hid it. All three are real accounts from traceable sources. We have not independently verified the specific transactions described.
Instagram hides comments that its algorithms flag as potentially sensitive or as violating community guidelines. The comment by ganapathi7463 calling the firm a fraud company was hidden by Instagram, not by the firm directly. Hidden comments are visible only to the commenter and the account owner.
If the firm removed a client's complaint message from a community channel and then closed the support ticket on the basis of the client's non-response after those messages were erased, that handling pattern conflicts with SEBI's requirement for fair, transparent, and timely grievance resolution. A client prevented from communicating their complaint is not in a position to respond to a support ticket closure.
Log into SEBI SCORES and check the status of any complaint you filed under INH000017259. If your complaint shows as pending, unresolved, or not yet actioned, you can escalate to SMART ODR once the SCORES period expires without satisfactory resolution.
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